Research On Risk Control Problem Of Accounts Receivable Financing Products In P2B Platform

In recent years,network borrowing platform use the Internet "openness,equality,cooperation,share" concept,breaking the previous offline transaction by geographical constraints,efficiently matching the lending transactions,reducing both parties on trade in terms of money,time,energy consumption.What more important is to break the monopoly in the field of traditional financial institutions,to promote the development of investment diversification and to promote the healthy development of the social economy.As an important part of network borrowing platform,P2B(Person-to-bussiness)platform model is individuals provide capital to enterprises.Compared with traditional financial companies,P2 B have lower entry barriers,faster lending speed.Compared with the traditional folk lending,P2 B industry have lower cost of capital and less risk.China has many small micro enterprise and their quantity accounted for more than 75% of the country’s enterprises.Their financing needs always to be suppressed.The emergence of P2 B provides a new thought to solve small micro enterprise financing predicament.As other network borrowing platform,how to control their risk,to prevent the platform break down,to protect the rights and interests of investors is the biggest problem of P2 B.This paper,in the form of case analysis,select Z platform accounts receivable financing products of risk control measures for analyzing.By analyzing its business model and product designing process,people can found the accounts receivable factoring business and asset securitization products are similar with it.Therefore,the successful experience of latter in risk control and product design is worthy of reference for the former.By comparing the factoring in the risk control procedures,people can found that Z platform overlooked the risk control of first repaying source.According to the comparison and analysis,this parper advise adding the review of first repaying source.In the further study,this parper found that the first source of repayment has related party relationships with Z platform and the Risk control of Z platform is not independent.This paper analysis the problem of risk control of the platform independence from the perspective of internal control and puts forward some Suggestions of keep platform independence in risk control.Based on the scene of risk control is not independent and the existence of related party relationships,this paper points out that the information of Z platform is not disclosed,which is related to the decision of investor’s investment.So Z platform should disclosure it on its website.Finally,With the comparison of asset securitization products,this paper found the platform lack of third-party supervision and proposed introduction of the third-party service.